Prairie Grove Apartments Inc

Analysis

Prairie Grove Apartments Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in June 1985, 41 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Prairie Grove Apartments Inc reported income of $328k and spending of $311k, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $281k to $328k (+17%), an average of +3.1% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Prairie Grove Apartments Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Providence Dethman House ($328k), Steadfast - Standing Firm Against Youth Homelessness ($328k) and Over the Rainbow Life Fund ($328k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 33% of the total. At year end it held assets of $499k against liabilities of $428k, net assets of $71k.